Saturday, August 24, 2019

Banks are Exiting the Remittance Business

The global remittance business is $500+ billion strong. However, this broad market belies a less than rosy outlook for the business. Different geographies display...

Kenya Beckons Banks With $3.2 Billion of Road-Building Deals

                          Kenya will award contracts by next month for a $3.2 billion program that envisages almost doubling the paved-road network within five years with help...

The US dollar is exploding at a probably unprecedented rate

Steven Englander Citi global head of G10 foreign exchange Steven Englander blasted out an email on Friday observing that the current rise in the...

Toyota Tsusho to invest billions in Kenya’s energy sector

Toyota Tsusho Corporation said on Sunday it wanted to invest billions of dollars in Kenya’s energy sector after it successfully build the 280-megawatt Olkaria...

U.S. Remains Biggest Arms Exporter But Russia, China Gain

  The U.S. maintained its lead as the top weapon exporter over the past five years even as Russian and Chinese exports increased more quickly,...

BCIMR, A Djibouti Bank, Opens Office in Ethiopia

The Bank represents about 60pc of the market share in Djibouti in teras of loans and deposits Red Sea Trade & Industry Bank (BCIMR) of...

Blocking wire transfers could spark a humanitarian crisis in Somalia

Somali-Americans in Minnesota and across the United States are again facing problems sending money to relatives still living in east Africa. Last month, the bank...

Dahabshiil Co-sponsors Somali investment forum concluded in Nairobi

A major international investment forum aimed at attracting investors to Somalia came to an end in Nairobi Wednesday. The three-day event convened enterpreneurs, investors, sector experts,...

Santander and Deutsche Bank fail US ‘stress tests’

Santander and Deutsche Bank have failed a US "stress test" designed to assess whether lenders can withstand another financial crisis. The review, carried out by...

The Amplified Power of Power Banks

Think back five, 10 years ago. Phones were almost a luxury that few could afford. This of course, has changed. Nowadays, it is almost...

Latest article

Somalia: Kenya Accused of Blowing Up the 12th Hormuud Telecom Station

Hormuud Telecom, a leading telecommunications company in Somalia, accused Kenya of repeatedly targeting its relay stations along or near the border between Somalia and...

Americans Began Moving to Ghana to Escape Racism at Home

African American Obadele Kambon has never looked back since moving to Ghana in 2008. He vowed to quit the US for West Africa after being...

Somaliland: ISCO Members Agree on Ground Rules for Platform

Independent Civil Society Organisations (ISCO Somaliland) member organizations, today, Saturday, agreed on ground rules which will regulate basic platform membership, good conduct, and governance...